The Economic Development Commission is charged with financing economic development or pollution control facilities and programs that promote the creation and retention of employment and business opportunities in the City of Lafayette.

The Redevelopment Authority serves as the governing body for land acquisitions and infrastructure project bonding and institutes the process to establish new economic development districts and tax increment financing districts.

The Redevelopment Commission is responsible for the rehabilitation of blighted lands within the City of Lafayette for a use that is in the best social and economic interest of the City and its residents.